Eldorado Gold (NYSE:EGO) Rating Reiterated by National Bank Financial

National Bank Financial reiterated their outperform spec overweight rating on shares of Eldorado Gold (NYSE:EGO - Free Report) TSE: ELD in a research note issued to investors on Monday.

Several other equities analysts also recently issued reports on the company. TD Securities reduced their price objective on Eldorado Gold from $14.50 to $13.00 and set a hold rating for the company in a research report on Monday, February 26th. CIBC boosted their price objective on Eldorado Gold from $16.50 to $18.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Stifel Canada downgraded Eldorado Gold from a buy rating to a hold rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus restated a hold rating on shares of Eldorado Gold in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $14.00.

Eldorado Gold Stock Performance

EGO stock traded down $0.47 during midday trading on Monday, reaching $15.13. The company had a trading volume of 2,676,925 shares, compared to its average volume of 1,723,358. The company has a quick ratio of 2.53, a current ratio of 3.39 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $12.67 and a 200 day moving average price of $11.89. Eldorado Gold has a fifty-two week low of $8.30 and a fifty-two week high of $16.01. The firm has a market capitalization of $3.09 billion, a PE ratio of 28.55, a P/E/G ratio of 6.39 and a beta of 1.10.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. The company had revenue of $306.90 million during the quarter. Analysts anticipate that Eldorado Gold will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd increased its holdings in shares of Eldorado Gold by 1.7% in the third quarter. Helikon Investments Ltd now owns 29,438,478 shares of the basic materials company's stock valued at $262,297,000 after buying an additional 501,488 shares in the last quarter. Van ECK Associates Corp raised its stake in Eldorado Gold by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 22,145,722 shares of the basic materials company's stock valued at $287,232,000 after purchasing an additional 699,111 shares during the period. Donald Smith & CO. Inc. raised its stake in Eldorado Gold by 20.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 12,708,184 shares of the basic materials company's stock valued at $164,825,000 after purchasing an additional 2,136,824 shares during the period. BlackRock Inc. raised its stake in Eldorado Gold by 1.4% during the 1st quarter. BlackRock Inc. now owns 10,321,583 shares of the basic materials company's stock valued at $115,706,000 after purchasing an additional 141,298 shares during the period. Finally, Vanguard Group Inc. raised its stake in Eldorado Gold by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company's stock valued at $87,862,000 after purchasing an additional 79,670 shares during the period. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.